CORRELATION OF OWNERSHIP STRUCTURE AND FIRM PERFORMANCE

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Ong, Khar Kuan Alex (2008) CORRELATION OF OWNERSHIP STRUCTURE AND FIRM PERFORMANCE. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

Family controlled businesses control a fairly high percentage of economy in any place of the world. The main objective of this management project assignment is to investigate the relation between ownership structure and firm performance in Singapore, using data from fifteen public traded corporations that is listed in Singapore Exchange Ltd. Although family-controlled corporations exhibit larger separation between control and cash-flow rights, I would like to find out whether family control hampers firm performance and in what way will it affect the company.

It is interesting to find out the key differences between individual/families that hold majority stakes in the company and is running the day to day operation as compare to companies which are run by individual which are appointed by shareholders. There are many areas which I have looked into such as corporate governance, operational management, organizational structure and family succession.

My finding has shown that family run companies�������¢���������������� exhibit better performance and the result is similar to research conducted by other authors. Secondly it is found that family ownership can affect the demand and supply of earnings quality in two competing ways: the entrenchment effect and the alignment effect.

I have put in some recommendations on different areas of study which I believe will help us to have a better understanding on improving the performance of a family owned company. I hope that there will be research conducted on these areas in future so that we can use it to assist us to develop a family owned business.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 11 Nov 2008
Last Modified: 09 Jun 2021 12:00
URI: https://eprints.nottingham.ac.uk/id/eprint/21769

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